How does UDAAP relate to other laws?
An unfair, deceptive, or abusive act or practice may also violate other federal or state laws. For example, under TILA, you must “clearly and conspicuously” disclose the costs and terms of credit. An act or practice that does not comply with these requirements of TILA may also be unfair, deceptive, or abusive. On the other hand, a transaction that is technically in compliance with other federal or state laws may nevertheless be in violation of UDAAP. For example, an advertisement may comply with TILA, but contain additional statements that are untrue or misleading. So just complying with TILA’s disclosure requirements does not insulate the rest of the advertisement from the possibility of being deceptive under UDAAP.
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